Stock analysts at Wells Fargo, assumed coverage of shares of Genworth Financial, Inc. (NYSE:GNW) with Market Perform recommendation, according to their opinion released on September 23. Compass Point analysts again handed out a Buy rating to GNW shares but they lifted target price for the firm in a flash note to investors on May 05. The price target has been raised from $5.50 to the new $5.25. Compass Point, analysts launched coverage of GNW shares with a Buy recommendation, according to their flash note to investors on May 05. Analysts at Compass Point are sticking to their Buy recommendation for the stock. However, on February 08, they lifted target price to $5.50 from the prior target set at $7.50. Analysts at Compass Point, made their first call for this company shares with a Buy rating, according to a research note that dated back to February 08.
Let’s take a glimpse at some insider activity at Genworth Financial, Inc. (NYSE:GNW) and observe the pattern. The earliest insider trade happened on 08/31/2015. McInerney Thomas J gathered a total of 30 thousand shares of the firm at average share price of $5.21. The total amount for the purchase was set at $156.3 thousand. On completing this exchange, the President and CEO; Director account balance was 143.96 thousand shares. The stock lost -25.91 percent from that insider purchase. On 08/26/2015, PARKE JAMES A, Director, did a purchase of 50 thousand shares at a price of $4.51 per share. This increased 225.5 thousand shares to the insider’s fortune and the stock experienced a -14.41 percent retreat in price since the news became public. This exchange saw 350 thousand shares get into the Director account. On 08/26/2015, EVP – Human Resources Laming Michael S recorded a purchase transaction valued at $112.5 thousand. The purchase at $4.5 a share has added 25 thousand shares into the insider’s portfolio position. Meanwhile, shares price witnessed -14.22 percent decrease since the transaction reporting date. The company insider is left with 108.36 thousand shares remaining in the account. McInerney Thomas J, who works as President and CEO; Director at the company, performed a purchase of 30 thousand shares in a transaction worth $135 thousand. The acquisition recorded on 08/24/2015 was priced at $4.5 per share. The stock price plunged -14.22 percent since the transaction. McInerney Thomas J currently holds a stake of 113.96 thousand in GNW stock which is worth $439.89 thousand after the insider buying.
Genworth Financial, Inc. (GNW) is most likely going to rise 16.58 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $4.5 as 12-month high price target. This represents a whopping 16.58 percent increase from the current trading price of shares. The 52-week median price target given by the analysts is $4.5, which means a return possibility of 16.58 percent in comparison with the closing price of the stock of $3.86 in recent trading session. The lowest price set for the stock is $4.5 which is just above 16.58 percent from GNW share’s price at the end of session.
The stock is lingering around the initial support level of $4.01. After this, the following support is at the zone of $3.92. Up until the time the GNW stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 34.69 on the daily chart, and this may be a cause for comfort. In case the price goes below $3.92 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $4.18 level may cause a pull-back move approaching $4.26 mark.
In the recent trading session, Genworth Financial, Inc. (NYSE:GNW) shares lost -6.2% or -0.25 points to reach at $3.86 with a heavy trading volume of 7.832 million shares. It opened the trading session at $4.06, the shares rose to $4.16 and dropped to $3.99, the range by which the price of stock traded the whole session. The company now has a market cap of $2.11 billion and currently has 514.51 million outstanding shares. Genworth Financial, Inc. (GNW) stock has plunged -5.95 percent of market value in 21 trading days.
GNW stock’s trailing 3-year beta is 1.6, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $0.13 share in the trailing 52 weeks. The stock’s value fallen -6.59 percent year to date (YTD) compared to a decline of -14.73 percent in 52 week’s period. The firm’s shares are still trading -21.81 percent below its 1-year high of $4.93 and 33.39 percent up from 52-week low of $2.89. The average consensus ranking on the company is 3, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a hold.
Genworth Financial, Inc. (GNW) shares are trading at a P/E ratio of 354.98 times earnings posted in the trailing 12 months. The industry GNW deals with has an average P/E of 11.57. Its P/B ratio is standing at 0.17X compared to the 1.4 industry average. It is additionally sporting a 0.27 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.
Past records have indicated that shares in Genworth Financial, Inc. declined on 20 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.